The Sheraton hotel brand will disappear from The Londoner Macau Casino Complex (pictured) by December this year and be replaced by the accommodation brand "Londoner Grand," according to guidance from Sands China\'s parent company Las Vegas Sands Corp. amid the group\'s second-quarter results. 무료슬롯사이트
Robert Goldstein, chairman and CEO of the parent company, said on Wednesday that the now-closed Pacifica casino under the brand "London Grand" was due to reopen in December. He was speaking on the group\'s second-quarter call.
According to a presentation release alongside the revenue, the re-released Londoner Grand Hotel Tower will eventually have 2,405 rooms, compared to 3,968 before the Sheraton-branded tower\'s renovation. The total number of suites will increase to 1,500 from the previous 360.
Grant Chum Kwan Lock, CEO of Sands China, said The Londoner Macao\'s second-quarter hotel revenue shortfall was in the region of $15 million to $20 million, with Sheraton Tower reduced from nearly 4,000 rooms to 2,500 keys.
He also explained that things will be more constrained before they get better during the real estate renovation that affected Sands China\'s overall revenue in the three months to June 30.
"In the third quarter, we\'re going to see a real increase in outages, from an average of 2,500 keys in the second quarter," Mr. Chum said.
"In the third quarter, we expect it to drop to an average of 1,300," he said, "and 65% of the second quarter is without Pacifica."
Mr Chum also made some comments on the market\'s overall slowdown in the second quarter for mainland Chinese visitors from outside Macau\'s neighboring Guangdong province.
"There is no specific reason why we (the market) have seen a slowdown in the recovery rate in the non-Guangdong region," the visitors said.
Mr Chum said: "I think there\'s a tipping point where the premium sector is still doing incredibly well. In fact, this is the highest spending per [Macao] visitor since the COVID recovery began.
Sands China CEO noted that performance was "incredibly strong" even at some "low-end points," i.e., slots.
He said: "These two factors drove a record amount in our non-rolling drop and slot handles. But in the middle, the base [mass] table, especially [athletes], who don\'t have a grade, correlates strongly with the intensity of visits, and even if adjusted for seasonality, it hasn\'t been that strong this quarter."
Las Vegas Sands executives were also asked on the call whether the Marina Bay Sands property in Singapore had weakened demand from Chinese consumers due to the easing of China\'s economic growth.